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The money multiplier yielded by the deposit-creation formula assumes that
Ordinary General Annuity
An annuity in which payments are made at the end of each period, such as a year, month, or quarter.
Future Value
The value of an investment at a specific date in the future, considering factors such as interest rates and compounding.
Accurate To The Cent
Describing a level of precision in financial calculations where figures are exact to the smallest denomination of currency, usually a cent.
Ordinary General Annuity
An annuity where payments are made at the end of each period in a series of equal or fixed payments.
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